MARICO trade ideas
marico shortdownward trend. tested trendline multiple times and returned.
result ahead and earnings will be bad due to lockdown.
MARICOMarico has closed near to trend line and forming Symetrical Triangle .Its CMP IS 287 and have strong resistance at 292.85 and support at 284.30.Theare is a demand zone at 284.30 upto 283.40 and supply zone at 292.85 upto 294.10.Hence, It seems to be a good for short when CMP is below 283 for target near to 275 and long when CMP is above 294.5 for target near to 298.
MARICOMarico has closed near to lower trend line.Its CMP IS 287 and have strong resistance which turns now support at 284.30.Theare is a demand zone at 284.30 upto 283.40.Hence, It seems to be a good for short when CMP is below 283 for target near to 275.
Bullish butterfly #HarmonicTrading Harmonics In ActionBullish butterfly #HarmonicTrading Harmonics In Action
MARICO BREAKOUTMarico broke out of its Triangle pattern. Downside Momentum might pull down the price to 292/285
NSE:MARICO
MARICO, Learn & Earn (Symmetrical Triangle Pattern)Marico has closed at bottom trend line of ST. This should be on watchlist for tomorrow for trade on either side depending on break down or breakout.
MARICOADVANCE BLOCK PATTERN
INDICATES FIGHT IN BALANCE BETWEEN BULL/BEAR
SAME HIGH FOR TWO WEEKS INDICATE RESITANCE
Marico Short sl 305 Target 293 below 293 more fallMarico Short sl 305 Target 293 below 293 more fall.
Marico#New Chart>>>
#MARICO trading in #DowntrendChannel pattern and now stock has given breakout we can see upside towards 306/309 levels soon with the help of 296/95 support level.
Marico Sell#MARICO trading below support level now stock can move towards 288/285 levels with the help of 301 resistance level on chart.
#Technicalanalysis
